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The Initial Disclosure Requires That Certain Disclosures Relating to the Termination

Question 118

Multiple Choice

The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?


A) The conditions under which the lease may be terminated before the end of its term
B) Whether or not the lessee has the option to purchase the property and at what price
C) Whether the lease may be extended at the option of the lessee
D) Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease

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